MLS – Vendor Alleyhttp://www.vendoralley.com
Where Real Estate Gets Its Dirt.Wed, 23 May 2018 13:51:35 +0000en-UShourly1https://wordpress.org/?v=4.9.611738173REColorado and IRES end merger negotiationshttp://www.vendoralley.com/2018/05/22/recolorado-ires-end-merger-negotiations/
http://www.vendoralley.com/2018/05/22/recolorado-ires-end-merger-negotiations/#respondTue, 22 May 2018 15:11:49 +0000http://www.vendoralley.com/?p=15330TweetFrom REColorado.com REcolorado-IRES Merger Talks End “For more than a year, the managements, Boards of Directors, and shareholders/members of both REcolorado and IRES have tried to move forward with a potential merger of the two MLS organizations. The parties could not reach agreement on a number of key terms. We appreciate the deep involvement of […]

“For more than a year, the managements, Boards of Directors, and shareholders/members of both REcolorado and IRES have tried to move forward with a potential merger of the two MLS organizations. The parties could not reach agreement on a number of key terms. We appreciate the deep involvement of the shareholder/member associations of both REcolorado and IRES, and are not ruling out future discussions.”

After working for more than a year to find a mutually beneficial path to merge IRES and REColorado, we received a letter from REColorado’s CEO on May 21st stating REcolorado is terminating all merger negotiations.

We are both surprised and disappointed by this. In fact, we were discussing a meeting with some of the owners of REColorado to further the conversation just hours before receiving the letter of termination.”

You can just tell by the tone of each post how far apart they still are.

]]>http://www.vendoralley.com/2018/05/22/recolorado-ires-end-merger-negotiations/feed/015330Prospects Inc. chooses CoreLogic as exclusive distributorhttp://www.vendoralley.com/2018/05/21/prospects-plus-inc-chooses-corelogic-exclusive-distributor/
http://www.vendoralley.com/2018/05/21/prospects-plus-inc-chooses-corelogic-exclusive-distributor/#commentsMon, 21 May 2018 14:00:36 +0000http://www.vendoralley.com/?p=15323TweetCORELOGIC TO OFFER NEW CRM AND MOBILE SOLUTIONS TO MULTIPLE LISTING CLIENTS Under the agreement, CoreLogic is the exclusive distributor of all Prospects solutions to new users of Prospects’ solutions in the real estate industry. Specifically designed for real estate, Prospects CRM™, TouchCRM™ and MLS-Touch™ (called Prospects Mobile™ in Canada) empower users to manage callbacks […]

Under the agreement, CoreLogic is the exclusive distributor of all Prospects solutions to new users of Prospects’ solutions in the real estate industry. Specifically designed for real estate, Prospects CRM, TouchCRM and MLS-Touch (called Prospects Mobile in Canada) empower users to manage callbacks and follow-ups, stay in touch with clients, share their calendar with team members, synchronize contacts with their smart phone and much more. Prospects’ solutions will be deeply integrated with Matrix by CoreLogic, one of the most popular multiple listing platforms in the industry with more than 780,000 end users.

“This is a terrific opportunity for us and for the industry at large,” said Charles Drouin, CEO of Prospects Software. “We have experienced tremendous success in a dozen different markets— our mobile solutions are already used by over 200,000 agents—and are now poised for explosive growth across America. With their reputation and reach, CoreLogic is the perfect ally to help spread the news about our CRM and mobile applications.”

Larger companies fronting third party solutions is nothing new and CoreLogic seems to be doing a lot of these types of deals. To be successful you need to have the right product and partner. In this case I think they nailed it. The key now is execution.

]]>http://www.vendoralley.com/2018/05/21/prospects-plus-inc-chooses-corelogic-exclusive-distributor/feed/215323Miami AOR launches Platinum Plus membership levelhttp://www.vendoralley.com/2018/05/21/miami-aor-launches-platinum-plus-membership-level/
http://www.vendoralley.com/2018/05/21/miami-aor-launches-platinum-plus-membership-level/#respondMon, 21 May 2018 13:25:49 +0000http://www.vendoralley.com/?p=15321TweetMIAMI REALTORS® Launches MIAMI Platinum PLUS for its Members “The MIAMI Association of REALTORS® (MIAMI) is now offering its members subscriptions to MIAMI Platinum PLUS, an exclusive and unparalleled suite of upgraded Realtor products and services, so Realtors can utilize an even higher level of industry tools to improve and expand their business while enhancing […]

“The MIAMI Association of REALTORS® (MIAMI) is now offering its members subscriptions to MIAMI Platinum PLUS, an exclusive and unparalleled suite of upgraded Realtor products and services, so Realtors can utilize an even higher level of industry tools to improve and expand their business while enhancing the home buying and home selling process for the public….

MIAMI Platinum PLUS includes Form Simplicity Ultimate Edition, Cloud CMA, access to a second MIAMI Multiple Listing Service platform and Proxio Premier Agent in addition to a number of benefits including one free NAR designation class.”

I’m seeing this tiered level of membership a lot more these days. The key is to have a compelling offering.

]]>http://www.vendoralley.com/2018/05/21/miami-aor-launches-platinum-plus-membership-level/feed/015321John Mosey recognized for work at BPPhttp://www.vendoralley.com/2018/05/08/john-mosey-recognized-work-bpp/
http://www.vendoralley.com/2018/05/08/john-mosey-recognized-work-bpp/#commentsTue, 08 May 2018 15:43:55 +0000http://www.vendoralley.com/?p=15268Tweet St. Paul real estate veteran plays key role in development of Homesnap The site is the real estate industry’s answer to the countless third-party property listing sites that have become influential in the sale of homes. Years in the making, a key player in its inception and launch is St. Paul-based John Mosey, longtime […]

The site is the real estate industry’s answer to the countless third-party property listing sites that have become influential in the sale of homes. Years in the making, a key player in its inception and launch is St. Paul-based John Mosey, longtime president of Twin Cities-based Northstar MLS.

“There was this grand notion that the industry could tap its resources to go head to head with the Zillows, Trulias and Realtor.coms of our world,” Mosey said.”

Zillow Group couldn’t have asked for a better picture of John for their dartboard. Of course he’s a much smaller target now.

]]>http://www.vendoralley.com/2018/05/08/john-mosey-recognized-work-bpp/feed/215268MFRMLS matches RESO standard on its native MLS systemhttp://www.vendoralley.com/2018/05/02/mfrmls-matches-reso-standard-native-mls/
http://www.vendoralley.com/2018/05/02/mfrmls-matches-reso-standard-native-mls/#commentsWed, 02 May 2018 22:27:35 +0000http://www.vendoralley.com/?p=15255TweetMFRMLS Removes Non-Standard Data in Native MLS “Very few people understand the difference between the data that is in the Native database of an MLS and the data that is shipped out of an MLS. The Real Estate Standards Organization (RESO) has created a Data Dictionary of fields and field enumerations for data being shared […]

“Very few people understand the difference between the data that is in the Native database of an MLS and the data that is shipped out of an MLS.

The Real Estate Standards Organization (RESO) has created a Data Dictionary of fields and field enumerations for data being shared with brokers and technology providers. The Native data in the MLS – the data that the broker’s agent enters into the MLS system is custom to every MLS. Not anymore!

My Florida Regional MLS (MFRMLS) is among the first MLSs in the country to adopt the same RESO language in their Native MLS. Here’s why this is important.

Good article from Victor. I think this is a great example of leadership shown by Merri Jo and the rest of the MFRMLS staff.

]]>http://www.vendoralley.com/2018/05/02/mfrmls-matches-reso-standard-native-mls/feed/115255ARMLS and Metro MLS announce new joint venturehttp://www.vendoralley.com/2018/04/17/armls-metro-mls-announce-new-joint-venture/
http://www.vendoralley.com/2018/04/17/armls-metro-mls-announce-new-joint-venture/#commentsTue, 17 Apr 2018 13:45:56 +0000http://www.vendoralley.com/?p=15182TweetARMLS & Metro MLS Lead Advancements of Noncontiguous Markets The collaboration began as two innovative CEOs, Chris Carrillo (Metro MLS) and Matthew Consalvo (ARMLS), decided to combine their industry expertise by connecting their respective organizations in order to advance the MLS industry and best serve their broker and agent communities. “We see real value in […]

The collaboration began as two innovative CEOs, Chris Carrillo (Metro MLS) and Matthew Consalvo (ARMLS), decided to combine their industry expertise by connecting their respective organizations in order to advance the MLS industry and best serve their broker and agent communities.

“We see real value in a shared vision,” stated Chris Carrillo, CEO Metro MLS. “It requires action in the moment and the opportunity for progress is now.”

Simply put by Mr. Consalvo, “It came down to our DNA, Metro MLS shares the same values, commitment to service and vision of the MLS of the future. We are better together than apart.”

I gotta be honest, when I first heard about this it was a bit of a head scratcher. Scottsdale and Milwaukee? But I think it’s pretty simple. You have two organization with a similar structure (the same DNA as they call it) both wanting to grow. And I’m not really talking about growing in geographic sense, I talking about growing my learning, doing things, building, and experimenting. The “non-contiguous thing” is interesting but the collaboration is what I think is key here.

“It’s a brave new world out there and it’s going to take innovative thinking, leadership, and industry expertise to navigate the challenges successfully. CEOs Chris Carrillo and Matt Consalvo are more than up the job and I look forward to helping them achieve success. We are focused on progress, tangible success, and intentional, strategic decisions to keep the MLS relevant to Brokers and agents.”

I’m very curious to find out what two passionate and progressive CEO’s like Matt and Chris can come up with.

]]>http://www.vendoralley.com/2018/04/17/armls-metro-mls-announce-new-joint-venture/feed/115182MRED announces Lynn Strantz’s retirement.http://www.vendoralley.com/2018/04/16/mred-announces-lynn-strantzs-retirement/
Mon, 16 Apr 2018 23:15:34 +0000http://www.vendoralley.com/?p=15178TweetMidwest Real Estate Data VP of Product Management to Retire “MLSs have gone through an amazing transition from being non-technical entities to extremely high-tech platforms and Lynn has been a crucial part of making that happen.” said MRED Chief Operating Officer Jeff Lasky. “It wouldn’t be a stretch to call her one of the founders […]

“MLSs have gone through an amazing transition from being non-technical entities to extremely high-tech platforms and Lynn has been a crucial part of making that happen.” said MRED Chief Operating Officer Jeff Lasky. “It wouldn’t be a stretch to call her one of the founders of the modern MLS.”

]]>15178ITIF: Using Technology To Make Real Estate More Competitivehttp://www.vendoralley.com/2018/04/05/itif-using-technology-make-real-estate-competitive/
Thu, 05 Apr 2018 13:30:29 +0000http://www.vendoralley.com/?p=15139Tweet Tomorrow: join ITIF for a discussion on how using technology can make real estate more competitive. #ITIFrealestate https://t.co/av7hevCi9B — ITIF (@ITIFdc) April 4, 2018 This is happening in Washington D.C. TODAY at 1PM E.T.. It will be moderated by Mr. Daniel Castro. You might remember Mr. Castro as the co-authored of a study that […]

This is happening in Washington D.C. TODAY at 1PM E.T.. It will be moderated by Mr. Daniel Castro. You might remember Mr. Castro as the co-authored of a study that N.A.R. and MLS organization harmed Redfin’s ability to compete. Chelsea Goyer and Redfin’s CEO Glenn Kelmanco-authored a blog post refuting those claims.

I’m in D.C. on spring break trip with my family but will be able to attend the event live. I also believe they will be live streaming it as well (here’s a link to their Facebook page), but don’t have the details, as of yet. The hashtag is #ITIFrealestate

UPDATE:

More info on LIVE STREAM here:

Yes, video will be up on the site 10-15 minutes before the event starts. https://t.co/AYtnwkqtES You can also go to the ITIF YouTube channel as @rqd suggests. Welcome questions for panel via Twitter. Just use #ITIFrealestate

]]>15139OMD Visualizedhttp://www.vendoralley.com/2018/03/30/omd-visualized/
http://www.vendoralley.com/2018/03/30/omd-visualized/#commentsFri, 30 Mar 2018 20:31:19 +0000http://www.vendoralley.com/?p=15111Tweet Hi res version of the map can be found here. Kevin McQueen via Facebook: “How many MLSs are there? (updated). I have been working with a number of reliable data source with a dream of having a reliable “source of truth” about active residential MLSs. This information is actionable and useful to the industry […]

Hi res version of the map can be found here.Kevin McQueen via Facebook:

“How many MLSs are there? (updated). I have been working with a number of reliable data source with a dream of having a reliable “source of truth” about active residential MLSs. This information is actionable and useful to the industry and this is long overdue. Thanks to RESO, RPR and others for helping us align definitions and counts – 677 is a reliable count this month. We can now identify key information about each one to enable every board of directors, association exec and brokers in each market to make informed decisions about what is best for their members and firms.
Facts and truth replace emotions and drama in decision-making. MLS is a business and we need this data to do it right. Brokers are counting on us.

Here is one visual representation of MLSs by state, along with the number of Realtor users.

– 88 MLSs serve 80% of the Realtors.

– The other 20% have the power to change the MLS landscape by doing what is best for their members and brokers.

– 11 dark red states on the map don’t have a problem with too many MLSs.

– 311 of the MLSs are in just 10 states.

– 20 markets have a bad case of OMD (overlapping market disorder).

What about yours?

If you need more facts and truth to make better business decisions in your boardroom for your members, let us know at info@t3sixty.com“

Love this! Looking forward to sharing a conversation I had with Kevin on an upcoming episode of Listing Bits. We talked about his history in the industry, consolidation and about the map graphic above. Only thing I wished I’d asked was if he was related to Steve McQueen?

]]>http://www.vendoralley.com/2018/03/30/omd-visualized/feed/315111MetroList expands reach in Northern Californiahttp://www.vendoralley.com/2018/03/29/metrolist-expands-reach-northern-california/
Thu, 29 Mar 2018 21:03:26 +0000http://www.vendoralley.com/?p=15107TweetMetroList® Expands To Amador County “The Amador County Association of REALTORS® will be transitioning its MLS operations to MetroList in June 2018, and will operate a local MetroList Administrative Center to fulfill all MLS related services for Amador County real estate professionals. “We are pleased to expand our geographic market area and deliver MLS services […]

“The Amador County Association of REALTORS® will be transitioning its MLS operations to MetroList in June 2018, and will operate a local MetroList Administrative Center to fulfill all MLS related services for Amador County real estate professionals.
“We are pleased to expand our geographic market area and deliver MLS services to our neighbors in Amador County”, said Bill Miller, CEO of MetroList Services, Inc. “As the largest MLS in Northern California, MetroList provides a robust offering of products and value-added benefits to help our subscribers grow their real estate business.”

MetroList has the largest geographic coverage in California and also offers access to eight other MLS systems. Nice win for MetroList and members of the Amador County Association of REALTORS.